Vesting and Cashout. The employee will be 100 percent vested in the Employer contributions after 3 years. If the value of the employer/employee account is less than $5,000, cashout or rollover is mandatory. If the value of the account is greater than or equal to $5,000, cashout or rollover is upon employee request, subject to the requirements of the Internal Revenue Service Code.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Agreement
